- By Msgi online
The Botswana Stock Exchange (BSE) has seen an increase in the volume and value of shares traded since the start of the year, approaching levels last seen before the pandemic.
according to a report sent by e-mail this week, the BSE recorded a turnover of shares amounting to 882.3 million pesos between January and September 30, which represents an increase of 91% compared to the same period last year and a jump of 64.3% compared to the corresponding period in 2020.
Stock turnover, or the value of shares traded, was recorded at 1.2 billion pesos in 2019, the year before the onset of COVID-19.
The BSE figures also show that the number of shares traded between January and September 30 this year reached 405.4 million, compared to 300.4 million and 289.7 million over the same period in 2021 and 2020 respectively. . For comparison, 470.7 million shares were traded in 2019.
According to the BSE, for the period under review this year, Letshego Holdings, First National Bank Botswana and Sefalana Holdings accounted for the bulk of share turnover at almost 70%. Of these three, Letshego accounted for P463.2 million or 52.5% of total stock turnover. A large chunk of shares in the pan-African microlender were traded in the two deals in March and June, for 325.7 million pesos.